The financial world is full of acronyms but few are as important as KYC.
KYC stands for ‘Know Your Client/Customer’, a process which aims to prevent fraud and criminal activities. Verifying that clients are who they say they are is part of the important regulatory process under which Glint operates. KYC is why we ask you to prove you are who you say you are, your address, and so on.
But don’t worry – this doesn’t affect your credit score, although you may see an identity check on your credit report. This identity check is a type of soft search that is recorded on your credit report so that there is a transparent record of who has been viewing your credit history.
We need to know who you are, so that criminals stand less of a chance of getting away with it.
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